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LVHM is considering selling its stake in Fenty Beauty. Fenty Beauty And LVMH’s Involvement In 2017, Rihanna brought Fenty Beauty to market with Kendo Brands, LVMH’s in-house beauty incubator, according to CNBC. Ownership was split 50/50 between Rihanna and LVMH. Bernard Arnault, chairman and CEO of LVMH, shared rave reviews of the Barbados-born music artist and entrepreneur in 2019. “Everybody knows Rihanna as a wonderful singer, but through our partnership at Fenty Beauty, I discovered a true entrepreneur, a real CEO and a terrific leader. She naturally finds her full place within LVMH,” Arnault said in a statement, according to CNN. Fenty Beauty’s Success Fenty Beauty launched with 40 shades of foundation, which catered to people of all skin tones. Its product offerings, including lip gloss, all-over highlighter, plumping primer, and hair and skincare, continue to be a home run for consumers. In fact, the company made $450 million in net sales last year and has a valuation that...
Rihanna’s impact on the beauty world continues to grow, and now it’s earned a place in history. Time Magazine has named the billionaire’s Fenty Beauty Foundation to its 2025 Best Inventions Hall of Fame list. View this post on Instagram A post shared by FENTY BEAUTY BY RIHANNA (@fentybeauty) Since debuting in 2017, Fenty Beauty’s Foundation has been credited with helping to reshape the cosmetics industry. At a time when many makeup brands offered only a narrow selection of tones, Fenty Beauty launched with 40 shades, giving people with deeper complexions more options that matched their skin. Time noted that the foundation “set a new standard for the industry” and inspired other companies to expand their offerings. “Makeup is like a secret weapon. It can go from very subtle to a complete transformation,” Rihanna told Time in a 2017 interview. She said it was “important that every woman felt included” and added that she was fully involved in the product’s development, working...
Rihanna is expanding her empire! It is no secret hair has been important to Rihanna’s identity. Now she is taking that passion into the business world. The mogul took to social media to announce Fenty Hair will launch on June 13, 2024, and cater to every hair type. “A new family is moving in! @fentyhair is pullin up and it’s time to finally have the hair experience you’ve been waiting for,” she wrote on Instagram. “You know how much switching my hair up matters to me. I’ve had almost every texture, color, length, from weaves to braids to natural- so I am launching a flexible line of products for not only every hair want, but every single product is designed to strengthen and repair all types of hair, which is what we truly need! It’s time to play and get stronger by the style . WE COMING 6/13, but sign up NOW so you can get access and shop before anyone else FENTYHAIR.COM.” View this post on Instagram A post shared by badgalriri (@badgalriri) At the time of this writing, it is...
A little while back, Rihanna announced that she would perform at the upcoming Super Bowl halftime show. This announcement had the Navy in a tizzy, as it sparked rumors about potential new music. Rihanna at the superbowl: pic.twitter.com/OlyqntS0eO — toss a coin to your witcher (@itsayosigns) September 25, 2022 Of course, the Internet did what it does best and took the rumors and created memes about how Rihanna would continue on her music hiatus and, instead, use the moment to promote her cosmetic and lingerie lines.
Billionaire Rihanna has been elevating her empire. More recently, she’s reportedly filed a trademark for a potential new venture, Fenty Hair. This brings into question — how essential is a trademark in the business world? Trademark attorney Rosezena J. Pierce, who leads RJ Pierce Law Group, one of the top 50 trademark firms in the country, stopped by AfroTech to answer all of our burning questions on how important trademarking is in order to establish brand authority and protect yourself as an entrepreneur.
Reclaiming master recordings is a celebratory moment for every artist. The feat empowers artists by reclaiming ownership of what is rightfully theirs as they now own the copyrights to the original sound recordings of their favorite tunes. According to The Philadelphia Inquirer, “‘By definition, that makes it the most authentic superior sonic account of the song.'” Not only that but owning one’s masters can be the stepping stone to creating wealth for future generations, thanks to royalties earned each time a song is played or duplicated. Although there is no fine print to the accomplishment, artists including Anita Baker, Rihanna, and Frank Ocean, have used their voices to earn back their master recordings. Here’s AfroTech’s inside look at their journeys.
Two of the biggest female musicians have linked up. Beyoncé and Rihanna have reportedly been named as investors in Destree, a French ready-to-wear and accessories brand that aims to not only double the size of its team but also “open its first freestanding stores and reach deeper into several markets,” Billboard reports. In its Series A funding round, Destree is not only racking in the support (and dough) from Beyoncé and Rihanna. Familiar faces like Jessica Alba, Reese Witherspoon, Gisele Bündchen, and more, also participated along with Sequoia Capital China, who led the round, according to Crunchbase.
Rihanna is now the richest Black female musician — and the second-richest Black female entertainer — in the world. That’s thanks to her appearance on the Forbes Billionaire list for the first time. According to the outlet, Rihanna has an estimated net worth of $1.7 billion. The Savage X Fenty founder — who, according to CNBC, derived the vast majority of her wealth from her non-musical career — is not only the world’s wealthiest Black female musician but the world’s wealthiest female musician. She is also the second-richest Black female entertainer in the world ( Oprah Winfrey, with an estimated net worth of $2.7 billion, surpasses the woman born Robyn Fenty in Barbados). CNBC also reports that her beloved beauty brand has achieved unicorn status — that is, has a valuation of more than a billion dollars — which will only further add to her net worth in the future. “Fenty Beauty — which comes from the singer’s last name — is currently valued at about $2.8 billion, and was founded in...
